Liabilities
Liability Li`a*bil"i*ty (l[imac]`[.a]*b[i^]l"[i^]*t[y^]), n.; pl. {Liabilities} (-t[i^]z). [1913 Webster] 1. The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law. [1913 Webster]

2. That which one is under obligation to pay, or for which one is liable. Specifically, in the pl., the sum of one's pecuniary obligations; -- opposed to {assets}. [1913 Webster]

{Limited liability}. See {Limited company}, under {Limited}. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

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  • liabilities — index overhead Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • liabilities — The financial obligations of the debtor. These include, but are not limited to, mortgages, car loans, lines of credit, credit card debts, leases, taxes owing, student loans, loans from friends, contingent debts, etc (Ontario Bankruptcy… …   Glossary of Bankruptcy

  • liabilities — /ˌlaɪə bɪlɪtiz/ plural noun the debts of a business, including dividends owed to shareholders ● The balance sheet shows the company’s assets and liabilities. ♦ he was not able to meet his liabilities he could not pay his debts ♦ to discharge your …   Marketing dictionary in english

  • liabilities — /ˌlaɪə bɪlɪtiz/ plural noun the debts of a business, including dividends owed to shareholders ● The balance sheet shows the company’s assets and liabilities. ♦ he was not able to meet his liabilities he could not pay his debts ♦ to discharge your …   Dictionary of banking and finance

  • liabilities — Financing provided to a business by third parties other than shareholders. Major examples include trade creditors (suppliers who sell goods to the company on credit) and bank loans and overdrafts. Dresdner Kleinwort Wasserstein financial glossary …   Financial and business terms

  • liabilities — noun An amount of money in a company that is owed to someone and has to be paid in the future, such as tax, debt, interest, and mortgage payments …   Wiktionary

  • liabilities — Synonyms and related words: accounts, accounts payable, accounts receivable, assets, budget, budget items, budgeting, burden of expenditure, carrying charge, charges, cost, cost of living, cost of living allowance, cost of living index, costing… …   Moby Thesaurus

  • Liabilities — Schulden, ⇡ Conceptual Framework …   Lexikon der Economics

  • liabilities — n. financial obligations recorded in the balance sheet of a business; debts of a company or of a person; damages that can be caused by an unanticipated release of contaminating substances into the environment (Envirionmental Protection)… …   English contemporary dictionary

  • Liabilities —   Capital, reserves and debts of a particular party as defined in accounting standards …   International financial encyclopaedia

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